Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: hpeace who wrote (15021)	9/29/1997 7:57:00 PM
From: kvogel	of 61433

ASND will probably not bottom tommorrow. The market might take a big down day if Jobs report on FRI is too large with follow-through on MON. In big stocks like ASND it is very rare for one gap down day to mean end is reached. However, I believe 26-28 range will be bottom and that bottom will be reached before earnings release. The 4th quarter is good for all tech stocks and it appears that TNT problem is getting solved. Other thing to watch out for is interview on CNBC or CNN business with MORY. Further downgrades and reductions in estimates will occur tommorrow and next day so don't jump too early. I only have a small position at 53 so I intend to average down but only after a few days and after ASND has traded another 60 million shs. Be patient, this is another COMS situation. Karl

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